INC TX-SMALL BUSINESS CREDIT
Summary
Amends the Illinois Income Tax Act. Creates a credit for certain small businesses in an amount equal to the lesser of (i) 10% of the property taxes paid by the qualified small business during the taxable year for eligible real property or (ii) $1,500. Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 10, 2024
Last action Sep 30, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
12
Key actions
0
Committee
3
Mar 15, 2024
Committee
Rule 3-9(a) / Re-referred to Assignments
lower
Jan 24, 2024
Committee
Assigned to Revenue
lower
Jan 10, 2024
Committee
Referred to Assignments
lower
1 primary · 7 co-sponsors
Sponsors
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